Mike McIntyre, Manager

On April 6, 2020, the FDIC released FIL 35-2020, introducing changes to the Community Bank Leverage Ratio ("CBLR") in response to COVID-19. Starting in 2020, the CBLR will determine if a bank is considered well-capitalized by looking at the leverage ratio of the bank.  If your bank is considered well-capitalized, it will be subjected to less regulatory reporting requirements in Schedule RC-R of the Call Report.

In today’s technology environment, financial institutions are consistently searching for ways to secure their network. However, many institutions do not take full advantage of monitoring tools that may enhance their security and safeguard their network. For these institutions, a Security Information and Event Management (“SIEM”) system may provide the additional protection needed.

Flood certifications, coverage, insurance, and placement – these are common in any financial institution’s compliance vocabulary nowadays. It’s no secret that all regulatory agencies have had “flood” as a hot topic for the past few review cycles. Financial institutions have been reinforcing their knowledge and awareness of the issue. Yet, even with all of the training that banks and credit unions have paid for and had their employees attend, why are financial institutions still receiving flood violations?